Shiba Inu (SHIB) coin price has stabilized at an important support level as whales and sophisticated investors continue to buy the token, potentially signaling a bullish trend. Exchanges have seen a decline in SHIB supply this year, suggesting increased confidence from investors who believe the price could rebound. Whales and smart money investors are buying significantly more, according to Nansen data, which suggests potential for a breakouts if certain challenges are overcome. Key indicators like the declining exchange balances offer further support for the optimistic outlook. The token’s current price, however, is near its crucial level of support that could potentially lead to a significant upward movement in the near future.